Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 2	B	Weak or Absent	Up	Flat	Down	7.95%
Aug 1	A	Weak or Absent	Up	Up	Up	5.20%
Jul 31	B	Weak or Absent	Up	Up	Flat	6.84%
Jul 30	B	Weak or Absent	Up	Down	Down	9.39%
Jul 29	C	Weak or Absent	Up	Down	Down	8.24%
Jul 26	B	Weak or Absent	Up	Down	Down	8.24%
Jul 25	B	Weak or Absent	Up	Down	Down	8.24%
Jul 24	B	Weak or Absent	Up	Flat	Down	7.67%
Jul 22	A	Weak or Absent	Up	Up	Flat	4.14%
Jul 19	A	Weak or Absent	Up	Up	Flat	4.67%